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Dec 28, 2012
12/12
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a number of companies will, you know, dive over the fiscal cliff, and i'm tired of the "fiscal cliff" term, pardon me, it's a manmade term, the fc, whatever happens january 1st. here's why they get sales from government contracts. that's the deal. it's not just the lockheed martins of the world. you'll see in here, humana, other health care companies, of course, medical device companies hit with the tax, but they have striker, for example, and there's a lot of sales from government contracts. you'll see in here, look at that, motorola, holdings in and waste management companies like waste management and republic services, ashley. ashley: what are the stock prices on the companies, iz? >> good point. goldman sachs warned since 2011 when that debt ceiling crisis hit in the summer of 2011 that triggered the fiscal cliff learning that the companies could under perform, but there's another wall street player, and that's fidelity saying watch for the banks, not just because they are under pressure as they track the general economy, but it's because business capital spending is down as of th
a number of companies will, you know, dive over the fiscal cliff, and i'm tired of the "fiscal cliff" term, pardon me, it's a manmade term, the fc, whatever happens january 1st. here's why they get sales from government contracts. that's the deal. it's not just the lockheed martins of the world. you'll see in here, humana, other health care companies, of course, medical device companies hit with the tax, but they have striker, for example, and there's a lot of sales from government...
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Nov 27, 2012
11/12
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who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind of posturing this week. we're still 30 days out or so. they don't really have to cut a deal yet. they have to look like they're fighting for what they want to fight for, yet please the constituents. they're probably going to put that off for a couple weeks. >> it's the other way around. washington should be paying attention to the consumer and realize how much is the stake here. when you look at the consumer confidence levels able to hold up. when you look at the retail sales numbers pensimentioned by and the idea we've stabilized when it comes to capital spending,
who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind...
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Dec 27, 2012
12/12
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fiscal cliff or no fiscal cliff. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don'know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about mon. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. david: the president's back at the white house and the senate met today for the first time since going on the holiday break. but seems like the political train is still heading for a cliff. shibani: taking all of us with it. so where are we flow? -- so where are we now, just days away from tax hikes. fox business's rich edson is live from the capitol. where are we rich? any closer or exactly where we were about 12 hours ago? rich: we're about 12 hours closer to the fiscal cliff as far as negot
fiscal cliff or no fiscal cliff. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don'know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about mon. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things,...
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Dec 27, 2012
12/12
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gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news for home sellers because there is less competition. bad news for buyers. demand is also up, rising rent,
gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right...
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Nov 29, 2012
11/12
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ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting reces
ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market...
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if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique circumstances in our state. we are all different. different budgets, different employment rates, different constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours
if we got the fiscal cliff. gerri: with the defense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the state budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give...
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Dec 30, 2012
12/12
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cliff because the fiscal cliff compass more than just taxes. you've got the quester and the unemployment insurance. the republicans and democrats know that they can't afford to go back in a recession at this point and the republicans are going to get blamed for it. the taxes still increased and y'all promised not to do that and on the other hand, if they make a deal now, they can go back and say look, we're not in total control. we only control the one branch of government so we made a deal to keep the taxes, you know, low on 98% of the country and that's to win. and as far as the sequester, the afford to lose all those military jobs. that's 100 million jobs possibly lost. and then you've got the unemployment, you know, two million people unemployment, they can't afford not to have that revenue injected into the system so i believe come monday, they're going to have a deal. i believe it. there's not -- they are not -- i'm going to guarantee you you guys. host: eve got a guarantee from antonio. joseph rosenberg who makes a living researching thi
cliff because the fiscal cliff compass more than just taxes. you've got the quester and the unemployment insurance. the republicans and democrats know that they can't afford to go back in a recession at this point and the republicans are going to get blamed for it. the taxes still increased and y'all promised not to do that and on the other hand, if they make a deal now, they can go back and say look, we're not in total control. we only control the one branch of government so we made a deal to...
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Dec 26, 2012
12/12
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...
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Nov 27, 2012
11/12
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you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to not tell anyone. you don't want people to know. >> i have pondered this question. a lot of states require that you show up. it is very difficult to stay secret because they want a lot of publicity. what happens is if you are poor and you have a lot of friends and family who are poor they come to you for money. >> you can have a day or two before you show it. the first thing i advise people to do is contact a very reptutable security firm. they are going to make sure that you are relocated to a safe place. if you are not a celebrity already. >> you said security firm i thought you meant securi
you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to...
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Aug 8, 2012
08/12
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and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only on the rich. but he's admitted that he is going to raise taxes on small businesses. he says it will impact 2% of small businesses. that sounds like not very many. but when you figure that's 900,000 small businesses to see a tax increase. he also wants to raise capital gains taxes and dividend tax significantly. this will affect investments. so businesses are looking at that. they are thinking, this is not going to be good for us. he has also promised to continue to advance the regulatory machinery that has been turbocharged under his administration. and the first three years, he has put in place, regu
and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only...
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Nov 28, 2012
11/12
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cliff, and the odds are very low that we will go over that fiscal cliff. so, does this change anything in the trading community other than just not having this outlet? > > i think smart traders stay away from markets like gold and oil because volume is the key. without big volume, you don't distill that information that you need to make a decision. so, i don't think it is going to dissuade anybody. but if you really wanted to trade these markets, just like online poker, there are ways to do it, even if you are in the united states. but they are probably better to stick to the prediction business, because that is what they do best. > the statement appears on intrade's site, as he alluded to. it is calling the report of intrade's death premature, and that there are plans for a new exchange model to make it legal. hugh, any thoughts on what a new model could look like? what can they do, move to the cayman islands? > > they are in dublin right now, so i don't think a movement is what's in store. but i think what they are going to have to do is they are going t
cliff, and the odds are very low that we will go over that fiscal cliff. so, does this change anything in the trading community other than just not having this outlet? > > i think smart traders stay away from markets like gold and oil because volume is the key. without big volume, you don't distill that information that you need to make a decision. so, i don't think it is going to dissuade anybody. but if you really wanted to trade these markets, just like online poker, there are ways to...
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Dec 31, 2012
12/12
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>> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the economy. but i think it is probably reason to consider. talking about what brian was talking about at the top of the show here. 1%, maybe 1.5% drag on growth of anything decided from the fiscal cliff anyway. >> and it depends on what you buy. i hear what you're saying with, steve and it is important to dive in. when you get a dollar you probably spend more than the dollar, right? they have shown that. that is the greatest multiplier. let's be clear on what that is on. necessities, food, clothing, which is needed. and on taxes, and there is not a lot of sympathy, but if you are a boat maker, high-end hom
>> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the...
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Oct 14, 2012
10/12
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we pass these to deal with the fiscal cliff situation. harry reid will not bring it up for a vote much less debate them. you are right. the president has been very clear that is not going to happen. if we get to a lame duck session and we have a republican congress and senate and republican in the white house, i think we would get better policy. let's wait. in tennessee in the early in 2007 when he had an affair with i was just over in the capitol building. he was presiding over the session. do you have any remarks about his conduct and whether you think he should be presiding over the chamber? >> that is a personal situation. that is something they will have to handle. >> do you think he should >> i just think anyone has called for that. it is something you have to take up with his family. they will make a decision on election day like the >> moving on to the next congress, and this past congress we have seen repeated instances where speaker bayer was able to pass a bill in the house of getting to the credit votes from his right wing. th
we pass these to deal with the fiscal cliff situation. harry reid will not bring it up for a vote much less debate them. you are right. the president has been very clear that is not going to happen. if we get to a lame duck session and we have a republican congress and senate and republican in the white house, i think we would get better policy. let's wait. in tennessee in the early in 2007 when he had an affair with i was just over in the capitol building. he was presiding over the session. do...
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Nov 27, 2012
11/12
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of what people are calling the fiscal cliff. is the fiscal cliff cutting spending? the sequester? i don't think it leads to economic harm to cut spending. that's what we should be doing. the other half of the fiscal cliff is taxes will go up. i don't want them to go up. if you raise taxes on the top 1%, that's 50% of the nation's fiscal income. if you don't think raising taxes in a recession is a good idea, why would it be a good idea to raise them on anyone? >> greta: so do you think going off the fiscal cliff would necessarily be a bad thing? >> it would be a bad thing to raise taxes. it doesn't make sense to me. i don't accept that cutting spending is bad for the economy. i think cutting federal spending, which means less borrowing up here, is go for the economy, but i do think taxes going up is a bad thing for the economy. i agree with half of the equation of the fiscal cliff, but i don't agree if taxes going up is bad for the economy why would we only want half of the taxes to go up? >> greta: that's like the reverse of the
of what people are calling the fiscal cliff. is the fiscal cliff cutting spending? the sequester? i don't think it leads to economic harm to cut spending. that's what we should be doing. the other half of the fiscal cliff is taxes will go up. i don't want them to go up. if you raise taxes on the top 1%, that's 50% of the nation's fiscal income. if you don't think raising taxes in a recession is a good idea, why would it be a good idea to raise them on anyone? >> greta: so do you think...
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. >> the fiscal cliff is fast approaching. >> the fiscal cliff is looming. >> the fiscal cliff it's looming, owe oh, yeah. >> stephen: oh, yeah, the fiscal cliff not to be confuse withed with the financial glory hole. unless congress comes up with a deficit reduction deal on january 1 there will be a trillion dollars in automatic spending cuts and the bush tax cuts expire which the congressional budget office says together could cause another recession. our only hope is that democrats and republicans in congress work together to find a compromise on tax cuts. in other words, we're all going to die. [ laughter ] now last week the democrats made the first move until this game fiscal chicken. >> the democratically-controlled senate passed a democratic bill renewing the tax cuts but only for people earning less than $250,000. >> the senate has approved a democratic tax plan that includes higher rates for high earners. >> stephen: wait, a second did they say the democrats passed a democratic plan? that can't be right. wait a second is this some kind of dream? let me check my totem. hold on one s
. >> the fiscal cliff is fast approaching. >> the fiscal cliff is looming. >> the fiscal cliff it's looming, owe oh, yeah. >> stephen: oh, yeah, the fiscal cliff not to be confuse withed with the financial glory hole. unless congress comes up with a deficit reduction deal on january 1 there will be a trillion dollars in automatic spending cuts and the bush tax cuts expire which the congressional budget office says together could cause another recession. our only hope is...
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Nov 30, 2012
11/12
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. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john boehner trying to sort of protect his caucus at this point because he probably understands that at the end of the day, that top rate is going to go up. and republicans are in a really awkward position because right now essentially they're just defending the tax cut for the top 2%. at the same time, the white house's public posture is to say well, no, we don't want to go over the fiscal cliff because you don't want to send that message to the markets. but then behind the scenes you sort of get the feeling they'd be willing to do it and they'd be okay at least
. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the...
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Dec 17, 2012
12/12
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fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein and i write novels. no one wants to hold up a tax cut for most people in this country so the richest people can avoid paying their fair share. it's absurd. happy to pay the additional taxes if he agrees not to spend any more than he already has. >> reporter: come on. give me a break. >> of course the rich will have to pay more. they could certainly suck it up. >> i don't know what that means. >> one party can't add and the other party are too much wooses. >> reporter: the fiscal cliff? >> there's money problems. >> please don't film me. >> republicans can't add and the democrats are woosies. i'm no
fiscal cliff. the fiscal cliff soap box. come on through. how you doing? all right, people, step up. the fiscal cliff soap box. we'll give you this beautiful 9news travel mug if you talk to us. here we go. step right up. do you worry about your taxes going ?up. >> i'm not wealthy so no. >> reporter: if we go off the cliff, taxes will go up on everybody. >> everybody? >> reporter: everybody. tell the politicians what you think of them. >> my name is lou weinstein...
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Nov 29, 2012
11/12
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we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on the website, you get unlimited amount of space. just go on. >> tell me editor. >> i know. >> thanks, guys. see you soon. let's get over to jackie deangelis with a quick market flash. >> hey, there. watching shares of super value tanking on a headline that talks have stalled. reportedly struggling to get financing for a s
we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy...
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Nov 26, 2012
11/12
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so we in california just over the weekend, we were both the fiscal cliff? they said the fiscal blitz? i said it is kind of like a fiscal blitz. >> it does not mean the stock market itself isn't going to react negatively to any deal that comes out with continued problems in europe. david: despite the fact that you are a bull, you only have 8% of your funds in u.s. stocks. why? >> the picture is better from a fundamental standpoint. you hear so many headlines of what is going on in europe and greece. almost generational lows. a lot of the risk is already been taken out.pensive markets in the world. not but 20 or 30% maybe 4%, 5% of u.s. you have to look elsewhere. liz: what are the three areas you like most? speaker in the u.s. overweight financials foreign. we're getting higher exposure to a lot of european countries. some emerging countries outside of europe, thailand turkey, that has had a particularly good momentum. a phenomenal run many index was up 15, 20, 30%. you have the perfect environment for them with high yield environment and they should do very
so we in california just over the weekend, we were both the fiscal cliff? they said the fiscal blitz? i said it is kind of like a fiscal blitz. >> it does not mean the stock market itself isn't going to react negatively to any deal that comes out with continued problems in europe. david: despite the fact that you are a bull, you only have 8% of your funds in u.s. stocks. why? >> the picture is better from a fundamental standpoint. you hear so many headlines of what is going on in...
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Nov 28, 2012
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fiscal cliff? >> yes. obviously, we are leaving it to speaker john boehner and the house. the republican negotiating position and the president representing the democrats in the house and the senate. to make the -- to present the -- their conclusions to the rest of us to evaluate and vote on. but it has to be voted on in the house of representatives. the republican house members need to support it for it to pass. in the senate, it is not just enough for 51 democratic senators to be supportive. the rules permit the minority to have some rights -- until the rules are changed. as a result, we do have a voice. it has to be something that is acceptable to the senate republicans, as well as house republicans. >> have you seen any indication that senator harry reid wants to cut -- any spending? >> no. >> none? >> you never get him to talk about reducing spenning by a dime. it's always about adding revenue. they are not even satisfied to have more money. they have to specify where it comes from. rich peopl
fiscal cliff? >> yes. obviously, we are leaving it to speaker john boehner and the house. the republican negotiating position and the president representing the democrats in the house and the senate. to make the -- to present the -- their conclusions to the rest of us to evaluate and vote on. but it has to be voted on in the house of representatives. the republican house members need to support it for it to pass. in the senate, it is not just enough for 51 democratic senators to be...
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Nov 28, 2012
11/12
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>> the fiscal cliff is a fiscal cliff. a breakeven point at a very good industry rate, around 11 million units. we have an agility baked into the operational plan that we can flex its with demand, supply. the industry and general motors in particular on a supply base service are in a different place than three or four years ago. >> maybe we will put the tock price up to see where it is. you areevery proud that day. the stock has not done much. imr. anyway this talk will get traction while the government still has a quarter to go? >> we have undergone the direct competitors in the market. you have to look apples to apples. number two, that is the ownership of the government, i can't decide when they will develop, can only nick money in north america and we have done a good job. it matters about the stock, we're all concerned about the stock. what drives stock is performance and growth products. >> always great to talk to you. electric, i know you love electric cars, so there you go. i will send this one to you. dagen: they
>> the fiscal cliff is a fiscal cliff. a breakeven point at a very good industry rate, around 11 million units. we have an agility baked into the operational plan that we can flex its with demand, supply. the industry and general motors in particular on a supply base service are in a different place than three or four years ago. >> maybe we will put the tock price up to see where it is. you areevery proud that day. the stock has not done much. imr. anyway this talk will get traction...
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Dec 31, 2012
12/12
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WBAL
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is just hours away from going over that fiscal cliff. without a deal before midnight, americans will be bringing in this new year with sweeping tax hikes and swing -- a tactic -- and cuts. >> >> t . >> i hope that they can work together and realize that this is affecting everyone. >> both chambers will reconvene this morning at whichthat they k together and realize that this is affecting everyone. >> both chambers will reconvene this morning at which point, there are just 12 hours left until this deadline. >> whatboth chambers will recone this morning at which point, there are just 12 hours left until this deadline. >> what are lawmakers working on today? >> we understand that senator harry reid, the majority leader, will what are lawmakers workingn today? >> we understand that senator harry reid, the majority leader, will reintroduce the pre fiscal cliff, maryland would be hit hard with hundreds of millions of dollars and tens of thousands of jobs lost. >> if america falls off that fiscal cliff, maryland would be hit hard with hundreds
is just hours away from going over that fiscal cliff. without a deal before midnight, americans will be bringing in this new year with sweeping tax hikes and swing -- a tactic -- and cuts. >> >> t . >> i hope that they can work together and realize that this is affecting everyone. >> both chambers will reconvene this morning at whichthat they k together and realize that this is affecting everyone. >> both chambers will reconvene this morning at which point, there...
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Nov 30, 2012
11/12
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CSPAN
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i'm calling concerning the fiscal cliff. i was wondering -- funding is going to be cut off such as unemployment. i'd like to know where do it stand and what is it being done? host: an update this morning on the former president george h.w. bush this according to reports out of houston saying he was in the hospital thursday for treatment of a lingering cough. he is 88 years old and has been in and out of the hospital recently because of complications due to wrongitis. they say expect the president to be released on saturday. he has been under hospital care for nearly a week. this is the republican line. hello? steve? good morning. caller: yes. good morning. pedro, off question and comment. one problem is -- completely out of control. and they continue to -- don't want to touch -- in this country. because the prices of the medical are too -- government -- i don't want to -- medicare, keep complaining about -- and because the hospital -- and they never contribute that much noun medicare. and they put all the money they could to
i'm calling concerning the fiscal cliff. i was wondering -- funding is going to be cut off such as unemployment. i'd like to know where do it stand and what is it being done? host: an update this morning on the former president george h.w. bush this according to reports out of houston saying he was in the hospital thursday for treatment of a lingering cough. he is 88 years old and has been in and out of the hospital recently because of complications due to wrongitis. they say expect the...
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Dec 30, 2012
12/12
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CNNW
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>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giv
>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and...
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Jun 29, 2012
06/12
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FOXNEWS
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a fiscal cliff. >> neil: delaware senator are chris kuhn says we are not headed towards a fiscal cliff. be that as it may, what do you make of the argument there was a great rush to get the bill done, maybe for all of the right reasons but not nearly the deal to ever cut spending. >> two things if i could, neil. there wasn't a great rush to get the bill done. talley came out of the senate committee last november and it has been grinding along between the senate and the house for several months. i am glad that the house and senate were able to come to an agreement and pass the transportation bill. because i think we do need to continue to invest in improving our roads and highways. is a contribution to our economy that will help not just put people to work in the short-term but also make us more competitive. but i agree, neil, there are many of us, republicans and democrats in the senate and the house who think we also have to come up with a bold balanced plan to reduce spending. we do have significant changes in tax rates, in spending, automatically kicking in in january, the so-called
a fiscal cliff. >> neil: delaware senator are chris kuhn says we are not headed towards a fiscal cliff. be that as it may, what do you make of the argument there was a great rush to get the bill done, maybe for all of the right reasons but not nearly the deal to ever cut spending. >> two things if i could, neil. there wasn't a great rush to get the bill done. talley came out of the senate committee last november and it has been grinding along between the senate and the house for...
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Dec 5, 2012
12/12
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CURRENT
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. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly on them. acting as spoiled children that hold this country ransom does not help them with any of the demographics that reelected this house, increased the number of democrats in the house or the senate. >> the tea party might say we won one and we lost one. we won 2010. we lost 2012 because we were too moderate. we had a meally mouth nominee-- >> i believethey're in a position-- >> if they act like real conservatives, real nut jobs, then we're proven right. they're blinded by their own ideology. >> i'm not surprised that a party who does not believe in evolution has o
. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly...
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Dec 11, 2012
12/12
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CNBC
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we're asking for solutions to the fiscal cliff. joining me now is alan greenspan, former federal reserve chairman and now with greenspan associates. nice to have you back on the program. >> nice to be here. >> thanks so much for joining us. you have said there's no painless solution to the fiscal cliff here. what do you think the best possible outcome could be? >> the best possible outcome as far as i can see is to take something like simpso/bowles that came out originally and get the issue resolved. i've never seen anything like this. >> you've been around a long time and seen lots of parties fight. >> they always come to go. the difference now is that -- not that there are more differences than unusual. if you go back, there's a lot of data that suggests this is not unusual. what is unusual is the republicans don't speak to the democrats and vice versa? back then, i mean, not that far. >> they went to dipper and went to lunch and discussed issues. >> when i was in the white house, tip o'neill and jerry ford used to be at each oth
we're asking for solutions to the fiscal cliff. joining me now is alan greenspan, former federal reserve chairman and now with greenspan associates. nice to have you back on the program. >> nice to be here. >> thanks so much for joining us. you have said there's no painless solution to the fiscal cliff here. what do you think the best possible outcome could be? >> the best possible outcome as far as i can see is to take something like simpso/bowles that came out originally and...
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Dec 29, 2012
12/12
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MSNBCW
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i wish we could take -- >> no, they were on the fiscal cliff. >> the fiscal cliff guys and it says -- >> no, they're the best lobbyists i've seen. it showed that the democratic party of that day were pretty were copperheads. they were playing ball with the war ending saying that they could let the south keep slavery. >> right. and you know everything didn't really change until the so-called southern strategy. i had to keep doing back flips in my mind whenever parties were mentioned. one party seemed to stand for one thing, the complete opposite of what it stands for now. >> well, the republican party picked up the dixiecrats. they played that game. here's ben affleck in 1980 by pretending to be producing a hollywood movie. >> you've got six people highing out in a town. you want to set up a movie in a week. you want to lie to hollywood, a town where everybody lies for a living, and then you're going to sneak a 007 and then you're going to walk the brady bunch out of the most watched city in the world. >> that's right. >> right. look, i've got to tell you. we did suicide missions in th
i wish we could take -- >> no, they were on the fiscal cliff. >> the fiscal cliff guys and it says -- >> no, they're the best lobbyists i've seen. it showed that the democratic party of that day were pretty were copperheads. they were playing ball with the war ending saying that they could let the south keep slavery. >> right. and you know everything didn't really change until the so-called southern strategy. i had to keep doing back flips in my mind whenever parties...
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Dec 12, 2012
12/12
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MSNBCW
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. >>> turning now to politics and the fiscal cliff negotiation. president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe f
. >>> turning now to politics and the fiscal cliff negotiation. president obama and speaker boehner are keeping an open dialogue. speaking on the phone yesterday after trading secret proposals to avoid the year-end deadline. with few details revealed, officials say the president lowered his initial asking price on tax cuts to $1.4 trillion. president boehner took his displeasure to the house floor. >> we're still waiting for the white house to identify what spending cuts the...
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120
Nov 21, 2012
11/12
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KCSMMHZ
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the fiscal cliff is a term used to illustrate drastic fiscal tightening if congress fails to reach an agreement by year's end. such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense department and for that matter, the rest of government. >> the defense department is already planning to reduce its budget by about $500 billion over the coming ten years. panetta has voiced concern that further cuts could undermine barack obama's new defense strategy that lays more emphasis on the asia pacific region. >>> japanese officials are scratching their heads about how to deal with sluggish trade. sales to foreign countries have plunged leaving japan in a trade deficit for the fourth straight month. finance ministry officials released preliminary figures shortly before the markets opened. the deficit
the fiscal cliff is a term used to illustrate drastic fiscal tightening if congress fails to reach an agreement by year's end. such a situation is feared to trigger a plunge in the economy. panetta warned that defense spending will be subject to drastic cuts if lawmakers failed to reach a consensus. >> the worst thing that could happen from my perspective is that they just kick the can down the road. all that would wind up doing is continuing to present a shadow over the defense...
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Dec 1, 2012
12/12
by
CNNW
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the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> democrats shot back. >> they are not only blaming her for this intelligence report, they are trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house could i write a book. >> or make an internet video. >> not be a true god-fearing person and be on a television show like that. >> that's actor angus t. jones, the "two and a half men" star caught slamming his own tv show. >> if you watch "two and a half men," please don't watch "two a
the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >>...
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Dec 21, 2012
12/12
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FOXNEWSW
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cliff. >> he has to own this stuff. >> we don't just have a fiscal cliff, we have a fiscal abyss in front of us. and that is the debt crisis that is on our horizon. >> plan "b" is a multi-day exercise in futility. >> for week, the white house said that if i moved on rates, that they would make substantial concessions on spending cuts and entitlement reforms. i did my part. they have done nothing. >> we haven't been able to make it on the last four years, i don't know how you make him own the fiscal cliff. but that's the challenge here. >> i'm dana perino. we are one step closer to falling off the financial cliff. hours ago, the house decided not to vote on plan "b." speaker barron saying his plan to avoid a massive january tax hike didn't have the votes to pass. former house speaker newt gingrich is here. i can't think of a better guest to have right now, speaker. did you -- did you watch everything unfold a couple of hours ago? >> i did. but with key take one second? i want to comment about tim scott. tim scott ran as a republican on a contract with his local county back in 1995. h
cliff. >> he has to own this stuff. >> we don't just have a fiscal cliff, we have a fiscal abyss in front of us. and that is the debt crisis that is on our horizon. >> plan "b" is a multi-day exercise in futility. >> for week, the white house said that if i moved on rates, that they would make substantial concessions on spending cuts and entitlement reforms. i did my part. they have done nothing. >> we haven't been able to make it on the last four years,...
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Dec 27, 2012
12/12
by
CNNW
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eye 224
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>> i think you have to look at this more than as a fiscal cliff but as a fiscal slide. what we're doing is we're beginning a slide and we're going to slide slowly if we don't do something by february we'll have a debt limit crisis that will also cause us so accelerate and reduce the confidence in the united states of america, which is something we should not allow to have happ happen. by march, all of a sudden there will be a payroll in tax increases in terms of what people have to pay whether it's estimated taxes or if your payroll, all these things will make it more difficult. we'll watch declining effort. this is not the same level as what the euro crisis is. the euro crisis is something that's not in the european's control as much as they'd like. it's in the control of congress, in control of the president. this is something we can fix if we want to. we have to get the political will and financial will to do so. >> but you mention the euro crisis and we're not there yet, but the big question is, can we get there? >> if this goes on until the end of the year, the end
>> i think you have to look at this more than as a fiscal cliff but as a fiscal slide. what we're doing is we're beginning a slide and we're going to slide slowly if we don't do something by february we'll have a debt limit crisis that will also cause us so accelerate and reduce the confidence in the united states of america, which is something we should not allow to have happ happen. by march, all of a sudden there will be a payroll in tax increases in terms of what people have to pay...
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Dec 12, 2012
12/12
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KQED
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eye 94
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some experts think the overhang of the fiscal cliff will likely dampen investor enthusiasm. erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowest in 20 months. on wall street, the dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling
some experts think the overhang of the fiscal cliff will likely dampen investor enthusiasm. erika miller, nbr, new york. >> tom: the latest economic statistics the federal reserve can consider is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowest in 20 months. on wall street, the dow gained 78, the...
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Dec 29, 2012
12/12
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FBC
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well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committee chairwoman pushing for a short-term extension to avert the cliff. but if that does not happen, no prices -- milk prices to go up to $8 per gallon. the supermarket group on how this is going to turn consumers soured. you bet that would. that's about double. >> it is about double. it will increase, hopefully not. you are between three and $4 a gallon. it is not just about melt. this is a food cliff. we talk about the financial cliff. keep in mind, we're
well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year...
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Dec 23, 2012
12/12
by
CSPAN
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eye 175
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situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to do something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue in dialog with this president to actually fix the problem. i hope that we see that our colleagues on the other side of the capitol can do likewise to get serious to address the real problem of spending so that we can get on about the business of growing economy and getting people back to work. >> a lot of the arguments that you made [inaudible] [inaudible] >> the president and i had a series of conversations. i told president these were my the president told me his revenues, $850 billion in line. he could not go any further. so we see a situation where, because of the political divide in the country, because of the divide here in washington, trying to bridge the differences has been difficult. if it were easy, i guarantee this would have been done decades before, but we have to find a way to a
situation of the fiscal cliff. it is clear that our conference has been consistent in its commitment to do something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue in dialog with this president to actually fix the problem. i hope that we see that our colleagues on the other side of the capitol can do likewise to get serious to address the real problem of spending so that we can get on about the business of growing economy and getting...
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124
Dec 26, 2012
12/12
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MSNBCW
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eye 124
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now it's the fiscal cliff. and whether or not across the board cuts should be made to all kinds of services and programs because the super committee couldn't do what it was supposed to do. this doesn't help trying to put the country forward, put americans back to work, reestablish our prominence around the country and the world as the great nation we are. we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are demanding it. >> something you'd like to see action on, mayors against illegal guns, there seems to be this push towards that. mr. biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the union, this could fizzle out. knowing how much gun control has talked about -- >> not going to happen. >> why not? why is it going to stay a pertinent part of the conversation in the public going forward? >> i think the public has been shocked and their conscience ha
now it's the fiscal cliff. and whether or not across the board cuts should be made to all kinds of services and programs because the super committee couldn't do what it was supposed to do. this doesn't help trying to put the country forward, put americans back to work, reestablish our prominence around the country and the world as the great nation we are. we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are...
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Dec 29, 2012
12/12
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FBC
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the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium in a matter of minutes and will bring you a statement on the fiscal cliff live. "piles of money" is on the way. ♪ adam: we've got a live picture for you of the white house briefing room. president obama is going to make comments about the fiscal cliff at 4: -- 5 len 45 eastern, we'll take them live on the fox business network. >>> auto industry is heading toward the best year since 2007, great news for sure but the fiscal cliff, believe it or not threatens to run the them off the road. heres we details, lauren fix. crew tells me they will give me
the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium...
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he will be the cause of going over the fiscal cliff. i don't know what the republican leaders cannot hang onto that thought. they will be watching him, the reaction to the ultimatum, he will be sending the country over the fiscal cliff over what will amount to 8% of -- replacement of 8 percent of the deficit for fiscal 2013. it is mindless. >> as i said, i am quite nervous about this. i listen to speaker boehner say the day after the election, revenue is on the table. the american people want to compromise and make washington work. he said it again and put out a specific offer. all we have heard frm the president is a hard-line was no negotiation on the tax side and not one word about the entitlement reforms that would ha to match that for this plan to make any sene. and it is that absence of lead on the spending side and unwillingness to make compromises that will actually get deals done and have washington auction again that i think our marks against this lame-duck session lou: you have projected, the action form has projected 10 mill
he will be the cause of going over the fiscal cliff. i don't know what the republican leaders cannot hang onto that thought. they will be watching him, the reaction to the ultimatum, he will be sending the country over the fiscal cliff over what will amount to 8% of -- replacement of 8 percent of the deficit for fiscal 2013. it is mindless. >> as i said, i am quite nervous about this. i listen to speaker boehner say the day after the election, revenue is on the table. the american people...